Sofaco Design ApS
Credit rating
Company information
About Sofaco Design ApS
Sofaco Design ApS (CVR number: 34804567) is a company from RINGSTED. The company reported a net sales of 422.2 mDKK in 2023, demonstrating a decline of -28.8 % compared to the previous year. The operating profit percentage was poor at -18.4 % (EBIT: -77.6 mDKK), while net earnings were -72.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was -22.7 %, which can be considered poor and Return on Equity (ROE) was -30.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 74.7 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Sofaco Design ApS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 384.71 | 592.67 | 422.21 | ||
Gross profit | 45.01 | 92.00 | 110.09 | 132.46 | 16.14 |
EBIT | 9.67 | 41.51 | 72.83 | 35.77 | -77.57 |
Net earnings | 7.29 | 26.69 | 59.60 | 25.88 | -72.75 |
Shareholders equity total | 53.76 | 79.96 | 99.81 | 276.10 | 202.32 |
Balance sheet total (assets) | 146.73 | 140.37 | 179.26 | 385.54 | 275.09 |
Net debt | 36.35 | -1.94 | -29.53 | 30.35 | 28.78 |
Profitability | |||||
EBIT-% | 18.9 % | 6.0 % | -18.4 % | ||
ROA | 8.7 % | 28.3 % | 47.7 % | 15.0 % | -22.7 % |
ROE | 14.6 % | 39.9 % | 66.3 % | 13.8 % | -30.4 % |
ROI | 11.6 % | 41.3 % | 76.5 % | 19.7 % | -26.4 % |
Economic value added (EVA) | 7.42 | 32.32 | 55.01 | 20.23 | -77.88 |
Solvency | |||||
Equity ratio | 37.6 % | 60.0 % | 58.7 % | 72.2 % | 74.7 % |
Gearing | 90.8 % | 8.1 % | 4.8 % | 16.5 % | 20.1 % |
Relative net indebtedness % | 11.1 % | 15.6 % | 13.9 % | ||
Liquidity | |||||
Quick ratio | 0.6 | 0.8 | 1.3 | 0.7 | 0.7 |
Current ratio | 1.0 | 1.7 | 2.2 | 2.0 | 1.5 |
Cash and cash equivalents | 12.48 | 8.38 | 34.30 | 15.17 | 11.96 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 22.4 | 29.0 | 14.2 | ||
Net working capital % | 18.6 % | 16.0 % | 8.8 % | ||
Credit risk | |||||
Credit rating | AA | AAA | A | AAA | BBB |
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